Has monetary policy really become less effective in the euro area? A note. Issue 13 (29th July 2019)
- Record Type:
- Journal Article
- Title:
- Has monetary policy really become less effective in the euro area? A note. Issue 13 (29th July 2019)
- Main Title:
- Has monetary policy really become less effective in the euro area? A note
- Authors:
- Finck, David
- Abstract:
- ABSTRACT: This paper applies a time-varying VAR model with stochastic volatility to the euro area. In contrast to the literature, we find that (i) monetary policy has not become less effective and that (ii) the expansionary policy that is currently pursued would not have resulted in a less severe recession in 2009.
- Is Part Of:
- Applied economics letters. Volume 26:Issue 13(2019)
- Journal:
- Applied economics letters
- Issue:
- Volume 26:Issue 13(2019)
- Issue Display:
- Volume 26, Issue 13 (2019)
- Year:
- 2019
- Volume:
- 26
- Issue:
- 13
- Issue Sort Value:
- 2019-0026-0013-0000
- Page Start:
- 1087
- Page End:
- 1091
- Publication Date:
- 2019-07-29
- Subjects:
- Bayesian TVP-VAR -- non-systematic monetary policy
C11 -- E58 -- E52
Economics -- Periodicals
Economics, Mathematical -- Periodicals
330 - Journal URLs:
- http://www.tandfonline.com/toc/rael20/current ↗
http://www.tandfonline.com/ ↗ - DOI:
- 10.1080/13504851.2018.1537470 ↗
- Languages:
- English
- ISSNs:
- 1350-4851
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 1571.972000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 10016.xml